Exelixis (EXEL) call volume and volatility spikes as shares fall 17%

September 28, 2016 11:55 AM EDT

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Exelixis (NASDAQ: EXEL) October 14 and 16 calls are active on total call volume of 9K contracts (3K puts). October call option implied volatility is at 99, November is at 82; compared to its 52 week range of 46 to 98.

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